On Wednesday, the cryptocurrency market was in the red. Bitcoin (BTC) dropped 1.89% to below $22,700, while Ethereum (ETH) fell below $1,600.
BTC volume increased by 2.24% to around $27.4 billion.
“The trading range of Bitcoin and Ether has begun to narrow as the two largest cryptocurrencies by market capitalization seek new areas of support.
The global cryptocurrency market cap was around $1.02 trillion, down 3.23% in the previous 24 hours.
The total volume in DeFi is currently $5.23 billion, accounting for 9.21% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $50.25 billion, accounting for 88.55% of the total 24-hour volume of the crypto market.
According to CoinMarketCap, the price of Bitcoin, the world’s largest cryptocurrency, was hovering around $436.29 billion, with a dominance of about 42.62%, an increase of 0.59% over the day.
“The crypto market has had a fantastic start to the year, rising back above the critical $1 trillion mark. The crucial Fed meeting next month will be closely watched because it will set the course of monetary policies, with the rate hike being the focal point of discussion.
- Bitcoin $22,626 -1.83%
- Ethereum $1,547 -5.46%
- Tether $1 0.01%
- USD Coin $0.999 -0.01%
- BNB $301.74 -6.31%
- XRP $0.4065 -3.25%
- Dogecoin $0.08417 -6.23%
- Cardano $0.3535 -6.46%
- Polygon $0.9595 -4.69%
- Polkadot $6.18 -6.78%
- Tron $0.06046 -4%
- Litecoin $87.63 -3.31%
- Shiba Inu $0.00001124 -7.23%
- Solana $22.92 -7.21%
(Note: Price change in last 24 hours)